Key facts: FIS’ recruitment benefit pays down student loan debt for eligible college graduate hires within the U.S. Starting this year, hires in the FIS University program are eligible for the debt repayment program after one year of service. U.S. college students are overwhelmed with $1.5 trillion in loan debt, with minority students being most impacted. With $1.5 trillion of loan debt 1 weighing down U.S. ...

Key facts:

  • FIS' recruitment benefit pays down student loan debt for eligible college graduate hires within the U.S.
  • Starting this year, hires in the FIS University program are eligible for the debt repayment program after one year of service.
  • U.S. college students are overwhelmed with $1.5 trillion in loan debt, with minority students being most impacted.

With $1.5 trillion of loan debt 1 weighing down U.S. college students and graduates, financial technology leader FIS ® (NYSE: FIS) has announced a new student loan repayment program for U.S.-based college graduates who are hired by FIS beginning this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210310005088/en/

The FIS student loan program, the first of its kind in the financial services industry, is available for college graduates who are hired through the FIS University program. FIS will begin paying off the principal student loan debt balance for each FIS University joiner after one year of service with complete principal debt expected to be paid off after 10 years of service for those participants continuing in employment with FIS. FIS expects to accept approximately 400 students into this innovative recruitment program in 2021.

"As the company that empowers the financial and commerce world by advancing the way the world pays, banks and invests, it's important that we invest in the development of future FIS leaders," said Gary Norcross, FIS chairman and CEO. "I'm excited about this new program and what it means for the future of FIS and the clients we serve."

While the amount of student debt faced by graduates today is staggering, it's more overwhelming for many minority students. For example, Black college graduates are living with almost twice as much student debt as White college graduates when entering the job market. 2 Additionally, although they make up 56% of American college students, women hold nearly two-thirds of America's outstanding student debt. 3

FIS was named as one of Fortune Magazine's 2021 World's Most Admired Companies and is considered a Best Place to Work for lesbian, gay, bisexual, transgender and queer (LGBTQ) equality by the Human Rights Campaign Foundation. FIS was also named one of the top internship programs in the U.S. by WayUp , an organization that helps enable early-career candidates to discover and be discovered by employers.

Learn more about the FIS University program or apply for new opportunities on the FIS Career Page .

About FIS

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our employees are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor's 500® Index. To learn more, visit www.fisglobal.com . Follow FIS on Facebook , LinkedIn and Twitter ( @FISGlobal ).

1 https://www.forbes.com/sites/wesleywhistle/2020/09/01/what-drives-the-15-trillion-student-debt-crisis/?sh=55c9d1af7aec

2 http://money.com/money/4540266/student-debt-racial-gap/

3 https://www.marketwatch.com/story/womens-student-debt-could-hit-1-trillion-within-the-next-year-2018-05-21

For More Information
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com

News Provided by Business Wire via QuoteMedia

Intuit Executive Vice President Greg Johnson to Present at the Wells Fargo TMT Virtual Summit

INTUit (NASDAQ: INTU), the global technology platform that makes TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp , announced today that Greg Johnson, executive vice president and general manager of Intuit's Consumer Group, will participate in a fireside chat at the Wells Fargo TMT Virtual Summit on Tuesday, November 30.

The fireside chat will begin at 2:20 p.m. PDT/5:20 p.m. EDT and will be available live via audio webcast on Intuit's investor relations website at https://investors.intuit.com/events-and-presentations/default.aspx . A replay of the webcast will be available approximately 24 hours after the presentation ends.

Keep reading... Show less

Intuit CFO Michelle Clatterbuck to Present at the Nasdaq Virtual Investor Conference

INTUit (NASDAQ: INTU), the global technology platform that makes TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp , announced today that Michelle Clatterbuck, chief financial officer at Intuit, will participate in a fireside chat at the Nasdaq Virtual Investor Conference on Tuesday, November 30.

The fireside chat will begin at 9:00 a.m. PDT/12:00 p.m. EDT and will be available live via audio webcast on Intuit's investor relations website at https://investors.intuit.com/events-and-presentations/default.aspx . A replay of the webcast will be available approximately 24 hours after the presentation ends.

Keep reading... Show less

FIS Tops Chartis' Risk and Compliance Technology Ranking for Seven Years in a Row

Key facts:

  • For seven straight years, FIS places first in the Chartis RiskTech100 ® , an annual ranking of the world's top 100 providers of risk and compliance technology.
  • FIS also wins in five categories: Functionality, Market Presence, Insurance, Trading & Capital Markets, and Front Office Risk Management.

Financial technology leader FIS ® (NYSE: FIS) today announced that it has earned the number one spot in the Chartis RiskTech100 ® for the seventh straight year. Compiled by leading research and analysis firm Chartis Research, the Chartis RiskTech100 ® is an annual ranking of the world's top 100 providers of risk and compliance technology.

Keep reading... Show less
Bitcoin Well Announces Addition of Over 100 New Bitcoin ATM Machines as Part of an Expanding Partnership with RapidCash ATM

Bitcoin Well Announces Addition of Over 100 New Bitcoin ATM Machines as Part of an Expanding Partnership with RapidCash ATM

Bitcoin Well (the "Company" or "BTCW"), a technology company building and utilizing products that offer safe and easy ways to buy, sell and use bitcoin, is pleased to announce the growth of our partnership with RapidCash ATM Ltd. ("RCAL"), a partnership offering further benefits following our acquisition of Ghostlab Inc. ("Ghostlab"), which closed on September 13, 2021. After initially installing the Ghostlab software on its first ATM in December of 2020, RCAL subsequently deployed a total of 43 ATM kiosks with our ghostATM software (proprietary Bitcoin ATM software), the majority of which were recently installed. These ATM kiosks have since generated Bitcoin sales of over $565,000 for the RCAL Bitcoin ATM Partner network, which is operated by Bitcoin Well.

Keep reading... Show less

Intuit Reports Strong First Quarter Results and Raises Full Year Revenue Guidance Reflecting Early Momentum in the Year and the Acquisition of Mailchimp

INTUit Inc. (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, announced financial results for the first quarter of fiscal 2022, which ended Oct. 31. INTUit grew total revenue to $2.0 billion, up from $1.3 billion the prior year, including the addition of Credit Karma. With the addition of Mailchimp starting Nov. 1 and the company's strong momentum, INTUit raised its fiscal year 2022 revenue guidance to 26 to 28 percent growth. Excluding Mailchimp, the company expects revenue growth of 18 to 20 percent, up from prior guidance of 15 to 16 percent.

"We are off to a strong start in fiscal year 2022, delivering on our strategy of becoming an AI-driven expert platform powering the prosperity of consumers and small businesses," said Sasan Goodarzi, Intuit's chief executive officer. "We continue to see strong momentum and proof that our Big Bets are further positioning us for durable growth in the future, and we're delighted that Mailchimp has joined Intuit."

Keep reading... Show less

Real Matters Reports Fourth Quarter and Fiscal 2021 Financial Results and Intention to Amend its Normal Course Issuer Bid

(all amounts are expressed in millions of U.S. dollars, excluding per share amounts and unless otherwise stated)

Real Matters Inc. (TSX: REAL) ("Real Matters" or the "Company"), a leading network management services platform for the mortgage and insurance industries, today announced its financial results for the fourth quarter and fiscal year ended September 30, 2021.

Keep reading... Show less

Top News

Related News